The words “bargain” and “insurance” probably shouldn’t be used in the same sentence, especially when you are trying to find the cheapest car insurance for 17 year olds. Because it’s not cheap, let’s lead off by showing you some things that have a considerable impact on insurance prices, and find out if you can slash the price of the next policy you buy.
Deciphering which company quotes the cheapest insurance rates for 17 year olds may require a bit more effort in order to find the most economical policy. Each auto insurer uses a different method for setting rates, so let’s take a look at the most affordable insurance companies in Florida.
We do need to point out that Florida insurance rates are impacted by many factors which can substantially change the price you have to pay for coverage. Turning one year older, moving to a new city, or having an accident can trigger rate changes that can cause some rates to be cheaper than others.
Find the Cheapest Car Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $948 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,694 |
| 4 | Progressive | $1,847 |
| 5 | Travelers | $1,926 |
| 6 | Allied | $1,945 |
| 7 | Mercury | $1,973 |
| 8 | Esurance | $2,040 |
| 9 | State Farm | $2,068 |
| 10 | GEICO | $2,086 |
| 11 | Auto-Owners | $2,171 |
| 12 | 21st Century | $2,373 |
| 13 | Allstate | $2,411 |
| 14 | Windhaven Insurance | $2,653 |
| 15 | MetLife | $2,900 |
| 16 | Safeco | $2,927 |
| 17 | Hanover | $3,024 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,457 |
| 20 | Direct General | $3,942 |
| Find Your Rate Go | ||
USAA may have some of the lowest car insurance rates in Miami at around $948 annually. Electric, Amica, Progressive, and Travelers would also make the list of some of the most economical Miami, FL insurance companies.
As shown in the table above, if you are insured with Amica and switched to USAA, you could see savings of in the neighborhood of $746. Insureds with Progressive might save as much as $899 a year, and Travelers customers might lower prices by up to $978 a year.
Remember that these policy rates are averaged across all drivers and vehicles and do not take into consideration a specific zip code for 17 year olds. So the car insurance company that can offer you the best rate may not even be in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own driver and vehicle profiles.
The type of vehicle needing coverage is probably the largest consideration that determines if you can find the cheapest auto insurance for 17 year olds. Vehicles with limited speed and performance, advanced safety features, or a low likelihood of having liability claims will cost less to insure than adrenaline junky models. The table below showcases insurance prices for a selection of the most cost-effective automobiles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $11,600 |
| Honda CR-V EX-L 4WD | $11,722 |
| Honda Accord EX-L 4-Dr Sedan | $12,479 |
| Toyota Prius | $12,601 |
| Toyota Tacoma 4WD | $13,006 |
| Ford F-150 STX Super Cab 4WD | $13,128 |
| Ford Focus S 4-Dr Sedan | $13,640 |
| Chevrolet Malibu Hybrid | $13,763 |
| Chevrolet Equinox LT AWD | $13,771 |
| Toyota RAV4 4WD | $13,763 |
| Dodge Grand Caravan Crew | $13,885 |
| Ford Explorer Limited 4WD | $13,893 |
| Honda Civic EX 4-Dr Sedan | $14,397 |
| Chevrolet Impala LTZ | $14,520 |
| Ford Edge Sport AWD | $14,525 |
| Toyota Camry SE | $14,520 |
| Toyota Corolla LE | $14,529 |
| Get a Custom Quote Go | |
Premium data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in your specific Miami, FL location which can increase or decrease prices greatly.
Looking at the numbers, models like the Ford Escape, Honda CR-V, Honda Accord, Toyota Prius, and Toyota Tacoma are most likely going to be some of the more affordable vehicles to insure for teen drivers. The price for car insurance will trend higher just because there is more claim risk for 17 year olds, but in general those makes and models will most likely have the least expensive rates compared to all other vehicles.
One of the more important components that aid in calculating the amount you pay each year for auto insurance is your address. Cities with more crime and/or more people tend to pay more, whereas areas with less congestion have the luxury of lower rates.
The following table rates the most expensive cities in Florida for 17 year olds to buy an auto insurance policy in. Miami shows up at #2 with an annual premium of $3,241 for the average insured, which is approximately $270 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Hialeah | $3,488 |
| 2 | Miami | $3,241 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $2,923 |
| 5 | Tampa | $2,610 |
| 6 | Hollywood | $2,604 |
| 7 | Miramar | $2,603 |
| 8 | West Palm Beach | $2,599 |
| 9 | Fort Lauderdale | $2,550 |
| 10 | Coral Springs | $2,549 |
| 11 | Davie | $2,548 |
| 12 | Pompano Beach | $2,543 |
| 13 | Pembroke Pines | $2,481 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,286 |
| 16 | Clearwater | $2,260 |
| 17 | Spring Hill | $2,102 |
| 18 | Orlando | $2,069 |
| 19 | Jacksonville | $2,040 |
| 20 | Port St. Lucie | $1,975 |
| Find Cheaper Rates Go | ||
Prices are approximated as the specific geographic location can impact insurance rates significantly.
Impact of citations and accidents on insurance rates
The easiest method to receive the most affordable insurance premiums for teen drivers is to drive attentively and avoid accidents and keep your driving record clean. The illustration below demonstrates how traffic citations and accidents influence insurance costs for different age groups. Data assumes a single female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of a car insurance policy per year with no violations or accidents is $2,077. Receive one speeding ticket and the average cost surges to $2,354, an increase of $277 each year. Then throw in two accidents along with the one speeding ticket and the 12-month cost of insurance for 17 year olds goes up to an average of $4,747. That’s an increase of $2,670, or $223 per month, just for not paying attention while driving!
Get discount Miami car insurance rates
Car insurance companies that sell policies for 17 year olds may additionally offer special discounts that could lower prices by 30% or more if you are eligible to receive them. Popular insurance companies and the discounts they provide are:
- GEICO policyholders can earn discounts including five-year accident-free, membership and employees, seat belt use, federal employee, anti-lock brakes, and driver training.
- Travelers has discounts for payment discounts, multi-car, good student, new car, multi-policy, and hybrid/electric vehicle.
- Farm Bureau offers premium reductions for multi-vehicle, good student, renewal discount, 55 and retired, safe driver, youthful driver, and driver training.
- Liberty Mutual may have discounts that include good student, preferred payment discount, multi-policy, newly retired, newly married, exclusive group savings, and new vehicle discount.
- American Family may include discounts for Steer into Savings, early bird, multi-vehicle, bundled insurance, TimeAway discount, mySafetyValet, and air bags.
- Progressive discounts include continuous coverage, homeowner, multi-vehicle, good student, online quote discount, and online signing.
The chart below illustrates the difference between auto insurance rates with and without discounts. The rate quotes are based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with continuous coverage, anti-theft, good student, paperless filing, passive restraint, and paid-in-full discounts applied. When drivers take advantage of discounts, theamount saved on insurance for 17 year olds is 28% or $943.
The diagram below demonstrates how deductibles can increase or decrease insurance prices when getting quotes for cheap insurance for 17 year olds. The rates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
In the chart above, a 50-year-old driver could lower their car insurance rates by $462 a year by switching from a $100 deductible to a $500 deductible, or save $696 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, have the ability to save as much as $1,550 every year by selecting a higher deductible. When using a larger deductible, it is a good idea to have additional savings on hand to allow you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
How to find cheaper insurance for 17 year olds
Lowering your rates is not difficult, and here are some thrifty suggestions that can help Florida drivers quote cheap coverage.
- Tickets and violations raise rates
- Improve your credit score
- Maintain a safe distance and avoid accidents
- Raise deductibles
- Bundle home and auto and earn a discount
- Frequent claims will increase rates
- Compare prices as often as possible
The final tip is notably crucial, as we noted in this piece. Prices can change considerably in a year, so don’t be hesitant to change insurance companies if a better deal can be had. Brand loyalty is great, but is isn’t recommended if it’s costing you money that could be going to better use. It only take a few minutes to shop around to find cheaper insurance for 17 year olds in Miami.